Time and Place Expands $400m Southbank Skyscraper
Time and Place has been granted approval for an amended application for its 62-storey Queensbridge Building project in central Melbourne.
The developer had been planning to build a $200-million development across a 940sq m island site within the Crown precinct on the southern edge of the CBD before moving on a neighbouring 430sq m land holding, allowing for the extension of the building’s podium and overall footprint.
The now $400-million tower will increase in size from 60-storeys and 250 apartments to 367 apartments and a 200-key hotel in a taller tower.
Time and Place director Tim Price said the amalgamated 1370sq m site had allowed the developer to expand the project, alongside architecture firm Elenberg Fraser, to deliver a mixed-use building with a “strong legacy” for the area.“Acquiring the site at 15-23 Kings Way allowed for a significant expansion in amenity and reinforces our development ethos to cultivate community-centric designs,” Price said.
Price said Time and Place hoped to create a true neighbourhood precinct offering high-quality homes with plenty of amenity.
“We envision the building becoming a destination that promotes social interaction and engagement, with the first floors of the building spilling into the surrounding street and creating a vibrant interface with the public.”
In exchange for boosting the number of levels in the permitted development, Time and Place has also undertaken to work with the City of Melbourne on the design and development of about 5000sq m of urban park under the adjacent Kingsway overpass.
Prefabrication specialist Hickory has now been appointed as the builder with preliminary site work, costing between $5 million and $10 million, due to commence imminently with the project’s estimated completion earmarked for 2024.